Mareel Souza, President, ECOWAS Commission, has attributed the decline in economic activities in the West African region in 2016 to the sharp drop in Nigeria’s real Gross Domestic Product (GDP). He sais this on Thursday in Abuja at the ECOWAS forth Parliament Ordinary Session while presenting a report on the community`s status in 2016 and […]
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The Italian government will confirm an economic growth forecast of 1 percent for 2017, in a multi-year fiscal plan due to be presented next week, junior Economy Minister Enrico Morando said on Saturday. Italy’s gross domestic product rose 0.9 percent in 2016, compared with 0.8 percent growth in 2015 and business confidence has improved steadily […]
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The former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Chukwuma Soludo said the size of nation’s Gross Domestic Product has shrunk from about $575 billion to about $354 billion. Soludo said this at an economic talk shop, organised by the Vanguard newspapers. The talk shop which had other panelists such as Comrade […]
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After plunging into its worst recession in over two decades, the World Bank projects that Nigeria will get out of recession, and grow its gross domestic product (GDP) by one per cent this year. According to reports, the global financial institution also said the global economy will accelerate moderately to 2.7 per cent this year. […]
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Exxon Mobil Corp. was ordered to pay a record $74 billion fine in Chad for underpaying royalties in the central African nation where the company has been drilling for 15 years, according to a court document. The fine is about five times more than Chad’s gross domestic product, which the World Bank estimates at $13 […]
Read More The equity market shed N35bn at the close of trading on the floor of the Nigerian Stock Exchange on Monday due to what analysts described as the consequence of the negative growth of the country’s Gross Domestic Product.
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